Questions

I am a partner in a travel agency that is in Australia, the US, and does lots of tours in China. We need to have the ability to receive payments from customers anywhere in the world, and then have those payments deposited into either our US or Australian accounts (probably via PayPal), and soon into a China-based account. Further, we need flexibility about where we withdrawal: either in the US, Australia, or China; and the ability to wire money back and forth from any of these locations. And of course part of our goal is to avoid currency exchange charges as much as possible. Because we have no experience with this, any help is appreciated. Would definitely consider a call if you have specific and cogent expertise here. Thanks very much.

Hi!

As far as I can understand your concern, I will strongly suggest you to integrate PayPal into your business system. The simple logic being that PayPal is accepted in over 190 countries and your expense will only be limited to the per transaction charges they take, which ranges between 3% to 4% and in some locations, even lesser than 3%.

Any business that works through multiple locations in terms of transaction should strongly consider PayPal because of the reliability factor (most, if not all, of your clients will be comfortable using it.) while the setup itself is not really rocket science.

Do get back in case of a query.

Cheers


Answered 8 years ago

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